one would like to think so. but for the past 14-year-ish "cycle", the stock market winners have been corporate governance scofflaws, Musk who ignores all stakeholders except himself, Zuckerberg, Bezos. Ubermenschen. 1/

There are exceptions. Apple's corporate governance has been more reasonable, I think, despite Cook's strong hold on the firm. 2/

But overall, investors have been rewarded rather than burned for pinning their fates to narcissists. In a failed attempt to overturn the adverse court decision that provoked all this, Tesla's shareholders explicitly endorsed Musk's absurdly huge compensation claim. It's Musk who brings the magic! 3/

(The Delaware judge said an ex post endorsement couldn't fix it, so he's twice thwarted and doubly furious.) 4/

Anyway, until investors experience the downside of submitting to tyrants who fancy themselves Caesars, they might not relent on sending money to miserably run and now even more miserably policed firm. 5/

I guess the good news is the past week or so may be the beginning of how they learn that lesson. /fin